South Baltimore Business Roundup

| July 14, 2014 | 0 Comments

Liquor License Transfers in Pigtown

There has been significant movement recently for Pigtown taverns and liquor licenses as Pigtown Ale House is now under construction, N-Zone Bar & Grill was recently approved for a liquor license transfer, and a couple of licenses are going before the Board of Liquor License Commissioners for Baltimore City (BLLC) this week.

There is a transfer hearing at the BLLC today for the liquor licence purchased from – and formerly used at – Tommy’s Downtown Tavern. The new owners of the license are trying to relocate the license to 1400 Warner St. under the trading name Baltimore Sports Bar. They have also requested live entertainment. 1400 Warner St. is a long property adjacent to the new Horseshoe Casino in Stadium Area. The south section of 1400 Warner St.was once the home to Second Chance’s antique store and the north section is the home of The Gameday Warehouse, which is open for Ravens’ home games.

The license for the former Rainbow’s Pigtown Bar at 1173-1175 Sargent St. is also up for a transfer hearing under the trading name Serenity Lounge. Rainbow’s was offered for sale at an August 2013 auction, but a sale was not made. The property was recently painted gray.

Carousel Cleaners Closes

Carousel Cleaners at 788 Washington Blvd. in Pigtown has closed. The property was also formerly the home of Gallery 788 which relocated to Hampden.  Leasing information on 788 Washington Blvd. and other available Pigtown retail properties can be found on PigtownMainStreet.org.

wesportWestport Waterfront Back on Track?

The Baltimore Business Journal is reporting that the properties for the proposed Westport Waterfront development have been taken off of the foreclosure block.  A billion dollar development was planned for the Westport shoreline, but the project never moved forward and fell into foreclosure. From the article:

Developer Patrick Turner appears to have found an investor that has pulled his Westport Waterfront project from the clutches of foreclosure.

A Wednesday U.S. Bankruptcy Court filing shows Turner’s lender, Citigroup Global Markets Realty Corp., is transferring its $30 million claim on the 43-acre Westport parcel to a group called Westport Property Investments LLC. State records show the LLC was formed last month and describes its purpose as “to purchase real estate.”

With the properties no longer in foreclosure and in the hands of private ownership, we’ll see if this development gets back on track. If so, it could be a big few years for the Middle Branch as many properties have been purchased around Port Covington.

1111 Light Street News

1111 Light Street, which was developed by Caves Valley Partners, has hit the market for $42 million according to the Baltimore Business Journal. The building features 93 apartments; 24,000 sq. ft. of office space, which includes the offices of Betamore, Red Owl Analytics and ZeroFox; and, retail spaces filled by M&T Bank and 7-Eleven. Caves Valley Partners recently finished Riverside Wharf, proposed the $250 million Stadium Square project in Sharp-Leadenhall, and is a partner in Horseshoe Baltimore.

Red Owl Analytics also announced they will be doubling their workforce to 50 employees in the next few years.

About the Author:

Founder and Publisher of SouthBmore.com, longtime resident of South Baltimore, and a graduate of Towson University. Diehard Ravens and O's fan, beach volleyball enthusiast, dog lover, and "bar food" foodie. Email me at [email protected] and follow me on Twitter at @SoBoKevin.
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